ASX 0.46% $83.88 asx limited

question ... help please ?

  1. 1,006 Posts.

    Regarding signifigant holdings in a company.
    We all know that anyone with more than 5% holdings in a company is meant to report within 48 hours when his shareholding changes by more than 1% of that holding. That being when he goes from 6% to 7% or vica versa.

    Now my question is if a company does an issue of shres and the underwriter is left holding the bag for say 7% of the company, isn't he still required to issue a change in holdings notice ?

    Any experts there ? Rather than ask the ASX since it is after all something they are meant to moniter.

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